Helgesen News

Wednesday, June 22nd, 2011
JANESVILLE — A manufacturer/distributor of engines and power generation systems plans to open a warehouse in Janesville that would add up to 30 jobs to the local economy. The city council is expected to act Monday on a Tax Increment Finance agreement with the Indiana-based Cummins, Inc. Cummins plans to lease 187,500 square feet in a facility built and owned by local developer Jeffrey Helgesen and the Helgesen Family Limited Partnership on the city’s south side.
Wednesday, June 22nd, 2011
JANESVILLE — So you’re looking for the perfect place for your new factory. Lots of cities are clamoring for you to choose them. Why choose Janesville? How about hundreds of thousands of dollars in tax incentives that most places in Wisconsin can’t offer? That’s no pipedream. The Legislature’s Joint Finance Committee on Thursday approved a provision in the state budget that would create a Development Opportunity Zone in Janesville. The zone comes with $5 million in tax incentives available over the next five years.
Wednesday, June 22nd, 2011
 JANESVILLE - Jeffrey Helgesen's life is all about challenges. His two sons from a first marriage are Navy SEALs. One just returned from his third tour in Iraq and Afghanistan, but the other remains in Iraq. His father, with whom he's had a rocky relationship, suffers from dementia. And the developer's largest Janesville tenant has flown the coop, leaving Helgesen with a massive hole in his commercial real estate portfolio. One challenge after the next, he worries about them all.

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